Huge losses and restructuring costs – gone are the days of record profits at Deutsche Bank. The aim of the new CEOs to make the bank fit for the future is being hampered by Deutsche Bank’s sins of the past – and legal battles.
Imagine Deutsche Bank as a boxer: a once heavy hitting champ, Germany's largest lender is now on the ropes, bleeding. It's been a long way down for the bank. Andreas Becker examines what's behind the fall.
At its annual shareholder meeting, Germany's scandal-hit Deutsche Bank has said it's seeking to make former top managers pay for past mistakes. Investors want a bigger say in future capital increases.
Germany's biggest lender reportedly plans to withhold millions in bonuses for former board members and demand the repayment of existing bonuses. The move comes as the bank is still struggling to stay afloat.
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